Price for Railway or Tramway Track Constructions of Iron or Steel in Nigeria - 2023
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in Nigeria (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in Nigeria (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in Nigeria
- Exports of Railway or Tramway Track Constructions of Iron or Steel in Nigeria
Price for Railway or Tramway Track Constructions of Iron or Steel in Nigeria (CIF) - 2022
In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,985 per ton, rising by 12% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for railway or tramway track constructions of iron or steel decreased by -7.8% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 75%. As a result, import price attained the peak level of $3,372 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.5% per year.
Price for Railway or Tramway Track Constructions of Iron or Steel in Nigeria (FOB) - 2022
The average export price for railway or tramway track constructions of iron or steel stood at $441 per ton in 2022, which is down by -38% against the previous year. In general, the export price saw a abrupt descent. The growth pace was the most rapid in 2017 when the average export price increased by 2,376%. As a result, the export price attained the peak level of $12,031 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($493 per ton), while the average price for exports to Niger totaled $440 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+159.8%), while the prices for the other major destinations experienced a decline.
Imports of Railway or Tramway Track Constructions of Iron or Steel in Nigeria
In 2022, overseas purchases of railway or tramway track constructions of iron or steel were finally on the rise to reach 19K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of railway or tramway track constructions of iron or steel soared to $37M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Railway or Tramway Track Constructions of Iron or Steel in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 6.1 | 0.9 | 36.5 | 54.5% |
| Others | 1.4 | 1.4 | 0.6 | 0.8 | -17.0% |
| Total | 11.4 | 7.5 | 1.5 | 37.3 | 48.5% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Nigeria in 2022:
- China (18.7K tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in Nigeria
In 2022, exports of railway or tramway track constructions of iron or steel from Nigeria soared to 21 tons, with an increase of 30% on the previous year. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 10,828%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of railway or tramway track constructions of iron or steel declined markedly to $9.4K in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 6,605% against the previous year. As a result, the exports reached the peak of $12K, and then reduced sharply in the following year.
| Export of Railway or Tramway Track Constructions of Iron or Steel in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | 0.2 | 10.6 | 9.2 | 578.2% |
| Benin | 0.5 | N/A | 1.1 | 0.1 | -41.5% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 0.6 | 0.2 | 11.7 | 9.4 | 150.2% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Nigeria in 2022:
- Niger (21.0 tons)
- Benin (0.3 tons)
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This report provides an in-depth analysis of the global steel railway material market.
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This report provides an in-depth analysis of the steel railway material market in Nigeria.
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This report provides an in-depth analysis of the global steel railway material market.
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1296
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
